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Spyglass is a 48-unit oceanfront community in Crescent Beach that stands out for its proactive maintenance and financial stability. While many coastal complexes are dealing with expensive assessments, Spyglass has completed its Structural Integrity Reserve Studies (SIRs) with no issues found. Unit 13 is a turnkey vacation rental, offered fully furnished and ready for immediate occupancy or rental income. This three-level townhome-style condo is just steps from the sand, making it the perfect getaway for those who love the ocean. The ground floor features a rare two-car tandem garage, a sought-after convenience in beachside living. Many owners in the community have converted part of the garage into a third bedroom, an easy and cost-effective way to expand living space and boost rental income. The main living area is located on the second floor, featuring the kitchen, a comfortable living space, and a half bath. Step out onto your private balcony, the perfect place to enjoy your morning coffee or unwind with a glass of wine while soaking in the ocean breeze. The third floor features a spacious master suite and a guest bedroom, each with its own bathroom, providing privacy and comfort for owners and guests alike. This unit has been upgraded with new impact windows and sliders, a $40, 000+ investment that enhances storm protection, energy efficiency, and peace of mind. Additional updates include a newer barrel tile roof, fresh stucco, and exterior paint, ensuring the entire community remains well-maintained. The HVAC system was replaced in 2021. Spyglass amenities include private beach access, a swimming pool, and a tennis court. The HOA covers cable, water, master insurance, pest control, management, trash, and sewer for low-maintenance ownership. Nestled in the quieter part of Crescent Beach, Spyglass provides the perfect blend of tranquility and convenience. Enjoy a peaceful, uncrowded beach experience, while still being just 20 minutes from historic St. Augustine, where world-class dining, shopping, and entertainment await. Whether you're searching for a vacation retreat, a turn-key investment property, or a permanent beachside residence, Unit 13 at Spyglass is an opportunity to own in a well-maintained community with NO looming assessments. Don’t miss your chance—schedule your showing today!
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William Raveis Mortgage, LLC
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $388,000 | $388,000 | $388,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.025% | 6.132% |
Monthly Tax Payment | $464 | $464 | $464 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,452 | $2,549 | $3,248 |
Total Monthly Payment | $2,991 | $3,088 | $3,787 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.